Needham analyst Mike Cikos downgraded Confluent (CFLT) to Hold from Buy after the company entered into an agreement to be acquired by IBM (IBM) for $31 per share in cash.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFLT:
- AI Daily: Order on AI could be coming soon as Trump promises ‘One Rulebook’
- Confluent downgraded to In Line from Outperform at Evercore ISI
- Confluent rises 29.0%
- Midday Fly By: IBM to buy Confluent, Paramount goes hostile for Warner Bros.
- Confluent downgraded to Market Perform from Outperform at William Blair